Everyone was pretty shocked when someone managed to steal Lupita Nyong'o's Oscars dress from the London Hotel in West Hollywood. Didn't they have security cameras? Yes, they did, but somehow the cameras didn't catch the guy.

So, how did he manage to elude all of the security cameras while carrying a big garment bag (which was probably also pretty heavy)? Simple. He didn't.

The thief tells TMZ that he snuck into the room WHILE Lupita was in there. He knew where the security cameras were in the halls, so he got around those, saw the door was ajar and let himself in. Now this is where it gets really crazy. He took the dress, which was worth an estimated $150,000 (turns out it's not) and threw it off the balcony where someone on the ground was waiting to grab it.

The guy says he also saw her Oscars gift bag, worth a reported $125,000 and left that there, but obviously did make off with the dress - which, as it turns out, is actually made of fake pearls and not really worth anything near what the earlier estimates valued it at.

WEST HOLLYWOOD, CA - FEBRUARY 28: Lupita Nyong'o arrives at the 7th Annual Women In Film Pre-Oscar cocktail party held at Fig & Olive Melrose Place on February 28, 2014 in West Hollywood, California. (Photo by Michael Tran/FilmMagic)

CENTURY CITY, CA - JANUARY 11: Lupita Nyong'o arrives for the 39th Annual Los Angeles Film Critics Association Awards at InterContinental Hotel on January 11, 2014 in Century City, California. (Photo by Gabriel Olsen/FilmMagic)

TORONTO, ON - SEPTEMBER 09: Actress Lupita Nyong'o arrives at the TIFF HFPA / InStyle Party during the 2013 Toronto International Film Festival at Windsor Arms Hotel on September 9, 2013 in Toronto, Canada. (Photo by Alberto E. Rodriguez/Getty Images)

TORONTO, ON - SEPTEMBER 06: Lupita Nyong'o arrives at the '12 Years A Slave' premiere during the 2013 Toronto International Film Festival held at Princess of Wales Theatre on September 6, 2013 in Toronto, Canada. (Photo by Michael Tran/FilmMagic)

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